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Why would the French waste their time, effort and resources landing on our shores when they know full well 'our' gold was sold off at silly prices to prop uo the German economy specifically, and the euro broadly?

Parapauk,
It's clear that you have more than two grey cells between your ears. So why do you waste their use on trying to create 'clever' one liners that appear to say one thing, but mean something completely different? On this occasion, I think you've got your antenna misaligned.

We've done it before in living memory. In the 70s the UK had to be bailed out by the IMF. Governments defaulting on debt isn't a breach of the laws of physics, it's just what happens when the 'whiparound' of taxpayers can't raise enough cash to make that year's payments. It can happen any time if you have irresponsible people in charge for long enough.

Why would the French waste their time, effort and resources landing on our shores when they know full well 'our' gold was sold off at silly prices to prop uo the German economy specifically, and the euro broadly?

Parapauk,
It's clear that you have more than two grey cells between your ears. So why do you waste their use on trying to create 'clever' one liners that appear to say one thing, but mean something completely different? On this occasion, I think you've got your antenna misaligned.

I like the one liners because I can't be bothered to go trawling through the NSO website to form a detailed macroeconomic argument for every post. More importantly though, what I said wasn't at all contradictory - yes the economy is a mess for all the reasons that we know, but at the same time we arn't going to default. The key when looking at the 1970s crisis would be to look at the interest payments on the debt in question - even at it's 2015 peak it won't go beyond 2.5% of GDP - far too much but well outside the need to get the IMF involved.

LE

Economics has always been a bit of a black hole to me (ask my bank manager!) but this really makes perfect sense.

Think of the amount of wasting, dole scrounging chavs we have in the UK. How many of them pay any sort of tax into the Gubmint, not a single soul. How many thousands a year do they chuck over the counter of Maccy D's to buy their screaming broods big macs and happy meals? Even I can do those economics

LE

Yep, no surprises there at all. McD is a global empire....I've just read Fast Food Nation, I would recommend it as interesting and light-shedding, and it highlights what vast economic leverage that company has. I'm no economic whizzkid either, and what I really can't understand about what is going on at the moment is that if governments start glad-handing it to private firms, the result will be greater universal poverty for the majority simply in order to keep those who are already rich in the manner to which they are accustomed. The end result of this will be anarchy. Is that what those who rule us really want? I have a tendency to think so.

Fortunately?
Did I miss the 'sarcasm' opening sign somewhere?
Gordo is a fat useless cnut, and thanks to his manoeuvring we, as a nation, are flat friggin broke.
Still, we do seem better placed to cut his head off and mount it on a pike somewhere...

LE

What really worries me is that so many apparently intelligent people fail to see that it doen't actually matter who is in power, they all have their strings pulled by the same puppeteers who are smart enough to remain faceless and nameless. What gets me about Cyclops, Tony, and George is that they all profess to be Christians, Cyclops in particular, but are only too happy to do the bidding of those who are inherently evil. That kind of hypocracy is beyond criminal.